LO3 restion Fwoc Problem Solving (S Marks) Sepma Corporation Comparative Balance Sheet As at June 30, 2016 and 2037 (Millions of Dollars) Assets Cash Accounts Receivable Inventory 2017 $630 2016 $ 20 72 48 100 120 Gross fixed assets Accumulated depreciation Net fixed assets 480 160 400 160 240 320 Total assets 432 548 Uiabilities and owners 'equilty 128 Accounts payable 80 Notes payable 36- 32. Long term debt Common stock Retained earnings Total liabilities and owners 'equity 100 132 140 132 84 432 116 S48 Where, Segma profit after tax and Sales for 2017 are $100 million and $250 million, respectively. On the other hand, Segma profit after tax and Sales for 2016 are $ 60 million and $200 million, respectively. Based on the aforementioned information, analyze the financial performance for Segma using the following financial ratios 1) Quick Ratio (Acid-Test) 2) Total Assets Turnover 3) Average collection period 4) Return on common equity (ROE) 5) Debt Ratio Note: Use the format provided in next page, don't forget to show your calculation for each ratio and to provide your evaluation on company performance based on your ratios. Ratio Quick Ratio (Acid-Test) Total Assets Turnover 2016 2017 Average collection period Return on common equity (ROE) Debt Ratio